Ambac (AMBC) Misses Q3 EPS by $1.37

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Go back to Ambac (AMBC) Misses Q3 EPS by $1.37

Ambac Reports Third Quarter 2020 Results

November 9, 2020 4:10 PM EST

NEW YORK--(BUSINESS WIRE)-- Ambac Financial Group, Inc. (NYSE: AMBC) ("Ambac"), a financial services holding company whose subsidiaries include run-off financial guarantors, Ambac Assurance Corporation ("AAC") and Ambac Assurance UK Limited ("Ambac UK"), today reported a Net Loss attributable to common stockholders of $108 million or $2.33 per diluted share and an Adjusted Loss(1) of $93 million or $2.01 per diluted share for the quarter ended September 30, 2020. This compares to a Net Loss attributable to common stockholders of $35 million or $0.77 per diluted share and an Adjusted Loss of $24 million or $0.52 per diluted share in the second quarter of... More